Is Chevron Stock a Buy?
Oil companies like Chevron (NYSE: CVX) are taking a double hit lately. First, oil prices have been relatively weak for several years. Second, carbon-based fuels are under increasing scrutiny due to their effect on the climate. These are two of the key reasons why Chevron's dividend yield is over 4%. But before you get stuck on the negatives, here are a few positives to consider that suggest now is actually a good time for dividend investors to put Chevron on their buy list.
Oil is a volatile commodity prone to big price swings. But Chevron is well aware of how the industry in which it operates works, which is why it has long focused on maintaining a strong balance sheet. This is the financial foundation of any company, and within the energy sector, Chevron's balance sheet is among the strongest.
Image source: Getty Images.
Source Fool.com
